The European Union’s trade with Iran amounted to €10.3 billion in the first 10 months of 2016, a 66 percent rise year on year, based on the latest figures released by the European Union’s statistics agency Eurostat.

The world's largest oil trader, Vitol, has clinched a deal with the National Iranian Oil Co. (NIOC) to loan it an equivalent of $1 billion in euros guaranteed by future exports of refined products, four sources familiar with the matter said.

Iran has a broad variety of business and logistics attractions to offer. In the last few years, the Iranian government has actively sought to develop the logistics infrastructures and improve its global ranking.

Tour guides from across the world are gearing up to attend what is arguably the largest convention of its kind in Tehran later this month, as Iranian officials hope to use this opportunity to promote the Mideast nation as a viable travel destination.

Iran has launched a direct passenger train service between its northeastern city of Mashhad and Azerbaijan’s isolated enclave of Nakhchivan – a move which is expected to provide the landlocked region with a wide access to Iran’s national rail network.

An increasingly interconnecting world makes countries vulnerable to events in others. Seven years after the American subprime crisis shook the whole world, global economic shocks keep coming. 2016 witnessed several events that ended up impacting economies all over the world, for good and bad.

According to the latest figures released by the European Union's statistics agency Eurostat, registering a 35-percent hike, Iran’s exports to Italy in the first nine months of 2016 increased up to €477 million from its

Russian officials say Moscow is working on an ambitious plan to establish a joint Islamic bank with Iran – a move that can not only help promote their banking ties but also provide them with a wide banking network of Muslim countries.

Iran says it has signed over a dozen basic agreements with Indonesia to promote cooperation in a variety of areas in what could indicate a significant opening in trade relations between the two countries.

The Airline of the Islamic Republic of Iran (Iran Air) signed a $16.6 billion deal to buy 80 passenger planes from U.S. aircraft maker Boeing, IRNA quoted Farhad Parvaresh, the managing director of the Iranian flag carrier as saying on Sunday.